Description: This is
a sample of a completed Loan Estimate for a fixed rate loan. This
loan is for the purchase of property at a sale price of $180,000 and
has a loan amount of $162,000, a 30-year loan term, a fixed interest
rate of 3.875 percent, and a prepayment penalty equal to 2.00 percent
of the outstanding principal balance of the loan for the first two
years after consummation of the transaction. The consumer has elected
to lock the interest rate. The creditor requires an escrow account
and that the consumer pay for private mortgage insurance.
